Posted by AGORACOM-JC
at 10:45 AM on Tuesday, August 13th, 2019
Spyder Cannabis (SPDR:TSXV) went public just a couple of months ago and hit the ground running with 5 operating Canadian retail locations – and a 6th one on the way via an 8,000 sq ft super store in Alberta.  Most companies would be ecstatic to have this number of locations – but Spyder just announced a major move into the United States, with a 5 location deal for boutique stores up and down the US Eastern seaboard. The news gets better. If all goes well with these 5 locations, the US outlet partner has a total of 39 locations across 20 states for Spyder to grow into to.
Spyder Cannabis may have just gone public but they are making big moves into the highly coveted retail space for marijuana, CBD and Hemp products, including carrying their own brands within their stores.
Grab your favourite cold summer beverage and watch this interview with CEO, Dan Pelchovitz.
Posted by AGORACOM-JC
at 9:15 AM on Tuesday, August 13th, 2019
Entered into a sponsorship agreement with foodora Canada to provide digital marketing strategies and Luminosity merchandise sponsorship opportunities
Enthusiast and Luminosity will launch a digital advertising campaign to complement foodora Canada’s overall advertising strategy
foodora Canada will also be a key merchandise sponsor for Luminosity, which includes placement of the foodora logo on the Luminosity team jerseys.
TORONTO, Aug. 13, 2019 – Enthusiast Gaming Holdings Inc. (TSXV: EGLX) (OTCQB: EGHIF), (“Enthusiast†or the “Companyâ€), one of the largest vertically integrated video gaming media companies in North America, is pleased to announce that, in partnership with Luminosity Gaming (“Luminosityâ€), it has entered into a sponsorship agreement (the “Agreementâ€) with foodora Canada, to provide digital marketing strategies and Luminosity merchandise sponsorship opportunities.
foodora Canada is a leading on-demand food delivery platform
operating in 10 cities, servicing more than 3,000 restaurants across
Canada. foodora is dedicated to bringing Canadian food lovers their
favourite meals, from a curated list of local restaurants, delivered
within 35 minutes. foodora is committed to lowering its carbon footprint
by delivering predominantly via bike, and by implementing a cutlery
opt-in feature. In Canada, foodora caters to all major cities,
including: Toronto, Ottawa, Vancouver, Calgary, Edmonton, Montreal and
more.
Under the Agreement, Enthusiast and Luminosity will launch a digital
advertising campaign to complement foodora Canada’s overall advertising
strategy. The Company will launch a social media contest to promote
foodora across Canada. foodora Canada will also be a key merchandise
sponsor for Luminosity, which includes placement of the foodora logo on
the Luminosity team jerseys.
“As foodora continues to grow, evolve and innovate within the
Canadian food delivery space, it’s important that we also continue to
reach new customers who would find value in our services,†said Matt Rice, Head of Marketing at foodora Canada.
“Partnering with Enthusiast and Luminosity allows us to tap into an
existing mobile-first gaming community who are always searching for ways
to be more efficient. It’s the perfect fit.â€
Jon Dwyer, SVP & Head of Special Partnerships at Luminosity Gaming, commented,
“The partnership with foodora Canada proves our ability to successfully
integrate our operations thus far, and I am proud of both Enthusiast
and Luminosity for the collaborative effort to develop a successful,
custom marketing campaign.†He continued, “It’s exciting for us
to see non-endemic gaming brands like foodora Canada utilizing our
platform to reach the combined network of 200 million gamers, and one of
the most sought after demographics.â€
About Enthusiast Gaming
Enthusiast Gaming is one of the largest vertically integrated video
game companies and has the fastest-growing online community of video
gamers. Through the Company’s organic and acquisition strategy, it has
amassed a platform of over 150 million monthly visitors across its
network of websites and YouTube channels. Enthusiast also owns and
operates Canada’s largest gaming expo, Enthusiast Gaming Live Expo,
EGLX, (eglx.ca) with approximately 55,000 people attending in 2018. For more information on the Company, visit www.enthusiastgaming.com.
About Luminosity Gaming
Luminosity Gaming is one of the largest globally recognized esports
organizations in the world, with over 60 million registered active
users. Luminosity has 8 world class esports teams competing across top
games such as Fortnite, Apex, Rainbow Six: Seige, Counter Strike, Call
of Duty, Madden, Smite, etc. for more information visit www.luminosity.gg
About foodora Canada
foodora is dedicated to bringing Canadian food lovers their favourite
meals from a curated list of local restaurants. Since 2015, the
on-demand food delivery service has grown to more than 3,000 partner
restaurants in 10 cities across Canada. Belonging to Delivery Hero, a
worldwide leader of the food delivery industry, foodora is a sustainably
focused company that strives to reduce its carbon footprint through its
use of bikes and its commitment to reducing single-use plastic. For
more information, visit http://www.foodora.ca.
CONTACT INFORMATION:
Investor Relations: Julia Becker Head of Investor Relations & Marketing [email protected] (604) 785.0850
This news release contains certain statements that may constitute
forward-looking information under applicable securities laws. All
statements, other than those of historical fact, which address
activities, events, outcomes, results, developments, performance or
achievements that Enthusiast anticipates or expects may or will occur in
the future (in whole or in part) should be considered forward-looking
information. Such information may involve, but is not limited to,
comments with respect to strategies, expectations, planned operations
and future actions of the Company. Often, but not always,
forward-looking information can be identified by the use of words such
as “plans”, “expects”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or
variations (including negative variations) of such words and phrases, or
statements formed in the future tense or indicating that certain
actions, events or results “may”, “could”, “would”, “might” or “will”
(or other variations of the forgoing) be taken, occur, be achieved, or
come to pass. Forward-looking information is based on currently
available competitive, financial and economic data and operating plans,
strategies or beliefs as of the date of this news release, but involve
known and unknown risks, uncertainties, assumptions and other factors
that may cause the actual results, performance or achievements of
Enthusiast to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
information. Such factors may be based on information currently
available to Enthusiast, including information obtained from third-party
industry analysts and other third-party sources, and are based on
management’s current expectations or beliefs regarding future growth,
results of operations, future capital (including the amount, nature and
sources of funding thereof) and expenditures. Any and all
forward-looking information contained in this press release is expressly
qualified by this cautionary statement. Trading in the securities of
the Company should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.
The securities of the Corporation have not been and will not be
registered under the United States Securities Act of 1933, as amended
and may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirement. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Posted by AGORACOM-JC
at 7:35 AM on Tuesday, August 13th, 2019
Spyder to open 5 hemp boutique locations at Tanger Outlet centers throughout the United States
Agreement will expand Spyder’s physical footprint to a projected 11 total locations by the end of this year
Potential for additional locations in the future
Vaughan, ON, August 13, 2019, Spyder Cannabis Inc. (“Spyder“), an established Canadian cannabis and vape retail operator, announced today an arrangement through which Spyder will open 5 hemp boutique locations with potential for more at Tanger Outlet centers throughout the United States.
This agreement will expand
Spyder’s physical footprint to a projected 11 total locations by the end of
this year, with the potential for additional locations in the future. “Tanger Outlet operates 39 upscale outlet
shopping centers located in 20 states coast to coast and will allow us access
to millions of consumers,†stated Daniel Pelchovitz, CEO and President of Spyder. “They offer a superior outlet experience and deep tenant
relationships, and we are excited to introduce our hemp retail to their
centers.â€
These boutiques will stock Spyder’s SPDR (R)
branded hemp derived, and
infused products developed for an aging, health and wellness
demographic. Spyder will offer a wide array of hemp product
offerings including; hemp -infused muscle balm, face oil, body lotion and bath
salts, as well as hemp tinctures,
capsules and sprays.
The hemp industry is booming
and has the potential to become a $22 billion business by 2022, according to
cannabis-focused research firm Brightfield Group. Spyder plans on executing an
aggressive expansion plan to create a significant retail brand in the U.S. hemp
market and is committed to developing and acquiring prime North American retail
locations and continuing to build its fast growing brand.
About Spyder Cannabis
Founded
in 2014 Spyder is an established chain of three high-end vape stores, and
two cannabis accessory stores, in Ontario, with locations
in Woodbridge, Scarborough, Burlington, Pickering and Niagara
Falls. The Spyder brand is defined by its high-quality proprietary line of
e-juice, liquids and exclusive retail deals, dispensed in uniquely designed
stores creating the optimal customer experience. Spyder is building off
this leading retail, distribution and branding eCig and vapes company and is pursuing
expansion into the legal cannabis and hemp derived market. Spyder has
developed a scalable retail model with plans to create a significant footprint
with targeted and disciplined retail distribution strategy focusing on Canadian
retail and U.S. boutique retail and kiosks in high traffic peripheral areas
Tags: Cannabis, CBD, CSE, Hemp, Marijuana, otc, stocks, tsx, tsx-v, weed Posted in Featured, Spyder Cannabis Inc. | Comments Off on BREAKING: Spyder Cannabis $SPDR.ca Signs Retail Agreement with Tanger Outlet $SKT Gaining Access to Millions of Consumers Coast-to-Coast in the U.S. $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca
Posted by AGORACOM-JC
at 2:23 PM on Monday, August 12th, 2019
SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by
legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based
venture capital firm that only invests in best of breed small-cap
companies which are both defensible and mass scalable. More than just
lip service, Inwentash has financed many of Canada’s biggest small-cap
exits. Click Here For More Information.
IDK: CSE
Goldman Sachs Analysts Say that It’s Time to Buy Bitcoin
In short – the experts are quite bullish for Bitcoin to go up.
Basically, they have set up a short-term price target of $13,971 – yes, specifically this one.
Recently, Three Arrows Capital CEO Su Zhu has shared the Goldman Sachs
note which was sent out to investors. In the note, Goldman Sachs
analysts suggest that buying this Bitcoin dip is a prime opportunity.
The note itself consisted of a Bitcoin CMI futures chart and a comment from the analysts.
First of all, the fact that Goldman Sachs is sending out crypto, in
this particular case, Bitcoin advice to their investors is mind-blowing.
Also, the fact that they are seeing it as a bullish pattern and they
are using the Elliot Wave Theory indicators on their Bitcoin chart is
also a big surprise.
Experts point out that the fact that the Bitcoin CMI futures chart is
used means that this note is being sent out only to institutional
investors. You can see this by the little gaps in the chart which are
weekends. That is the time when CMI Bitcoin Futures markets are closed.
What does the Note Say?
In short – the experts are quite bullish for Bitcoin to go up.
Basically, they have set up a short-term price target of $13,971 – yes,
specifically this one.
In detail – they believe that Bitcoin will find a support level near
$11,094 and $10,791. Once it does that, the analysts say that the chart
has plenty of room to break out at least to $12,916, and possibly to a
new 2019 ATH – $13,971.
“Reaching these levels could mean completing a v wave count from
July. Bottom line, watch for a short-term top/consolidation once
satisfied,†says the note.
But this is a short-term prediction. What about long-term? Well,
according to Goldman Sachs analysts, anything below $13,000 is an
indication to accumulate. They believe that we are in for a similar
run-up like we saw recently this year when Bitcoin went from $7,600 to
around $11,900 in a matter of a couple of weeks.
“In the bigger scheme of things, this might still be the first leg of
another 5-wave count similar to the trend that lasted from Dec ‘18
through Jun ’19,†reads the note.
Also, another thing which recently was highlighted – Bitcoin loves
30% pullbacks. Some experts and analysts have noticed that after a
healthy 30% pullback, Bitcoin always have recovered and this is even
considered as a normal investment strategy. Hence, it is 100% sure that
Bitcoin will have a run-up if it has fallen by approx. 30%.
So in short – Goldman Sachs says that we all need to buy Bitcoin.
But, as usual, only the time will show whether this advice was
definitely the one that investors should have followed.
Posted by AGORACOM-JC
at 1:33 PM on Monday, August 12th, 2019
SPONSOR: Enthusiast Gaming Holdings Inc.
(TSX-V: EGLX) Uniting gaming communities with 80 owned and affiliated
websites, currently reaching over 75 million monthly visitors. The
company exceeded 2018 target with $11.0 million in revenue. Learn More
EGLX: TSX-V
From casual gaming to making millions: Inside the fast-growing esports industry
Giorgio Calandrelli, 26, used to play the game Fortnite solely for “fun.†That was until his debut competition under a major esports brand last year.
The Italian professional gamer, who is known to his fans as “Pow3r,†says he faced numerous setbacks in his opening bid to impress his new team, London-based Fnatic.
“I f**ked up,†he says with candor. An accidental misclick that pulled him out of his game also cost him a match. “The tournament is about consistency and getting the most kills as possible to get in the top 20,†Calandrelli told CNBC. Each move he makes matters.
Luckily for Calandrelli, he was afforded a comeback, accruing 20
online kills in a “special challenge†game that won him a lucrative
$10,000 prize. Altogether, Fnatic’s Fortnite team managed to bag more
than $100,000 over the course of the tournament.
And that’s just the tip of a growing iceberg. Fnatic says that prize
pools in the first year of a Fortnite competition have ranged from $1
million to $20 million. Last year, the game’s developer Epic Games announced it was committing $100 million for Fortnite tournament prize pools from 2018 to 2019.
But while esports has grown up as an industry over the past decade,
in terms of both money and viewership, its stars — and fans — seem to be
getting younger and younger.
Last month saw 16-year-old gamer Kyle “Bugha†Giersdorf haul a huge $3 million reward after coming first place in the Fortnite World Cup, the championship dedicated to the popular battle royale game.
Fortnite has helped reignite interest in esports, with titans of the
entertainment industry struggling to figure out how to catch up. Comcast, for example, recently announced it would build a $50 million arena designed to accommodate esports tournaments.
Industry research group Newzoo estimates esports revenues will top $1
billion for the first time this year, climbing 27% from last year’s
figure. It’s a phenomenon that’s helped people transition from playing
casually in their bedrooms to playing for money in major competitions.
“It’s just like any sport,†Sam Mathews, Fnatic’s co-founder and CEO,
told CNBC. “You have the amateurs, and then the semi-amateur pros; then
semi-pro and then you get up to pro. It really takes that sort of skill
level and attitude. Attitude is a huge part of any sport.â€
“When we scout players, we need to see that they go to trials, we
need to check that they have the right attitude. And eventually if
they’re good enough they make it onto our main squad.â€
‘Common ground’
Competitive gamers’ earnings don’t stop at prize pools. There are
esports team contracts, sponsorship deals and merchandise on top of
that.
Teespring is a platform dedicated to making and selling customized
merchandise, with a particular focus on so-called online “influencers.â€
Chris Lamontagne, the firm’s CEO, told CNBC it’s formed a strong base
of customers involved in gaming. Lamontagne said the benefit of
customized merchandise for gamers is it creates “common ground†between
them and their fan base.
“There’s a lot of content that can be created just given there’s a
mutual connection over the game itself,†he said. He added there are “a
couple of big esport teams†using Teespring, without identifying which
ones.
Beyond Fortnite, there are plenty of games that have become pillars
of the competitive gaming landscape. These include Dota 2, League of
Legends, Counter-Strike: Global Offensive and Overwatch.
watch now
VIDEO01:20
Sixteen-year-old wins Fortnite World Cup and takes home $3 million
And esports has stretched out beyond staged tournaments, thanks to
the advent of live streaming. Calandrelli said he often does live
broadcasts on Amazon-owned platform Twitch, a venue which he says helps him connect with his fans.
“Something in the gaming world working really well is streaming,†Lamontagne said. Teespring has signed partnerships with Google’s YouTube and Twitch that let content creators sell their merchandise through its service.
One of the biggest streamers out there right now is Tyler “Ninja†Blevins, who managed to rake in nearly $10 million last year, largely thanks to fan donations and paid subscriptions on Twitch and ad revenue on YouTube.
Blevins helped Fortnite become an esports phenomenon in its own right
— with almost 250 million registered users as of March 20, the game’s
influence can’t be understated.
And the streaming battlefield could be about to see a shakeup. Ninja recently made the surprise announcement
that he would be shifting from Twitch — where he’s pulled in about 14.7
million followers — to Microsoft’s live streaming service Mixer.
Diversification
Mathews, himself a gamer, said there’s plenty of money to be made on
the part of esports organizations as well as the players themselves.
Fnatic for example has diversified into hardware, selling everything
from professional-grade keyboards to gaming headsets.
The company bought gaming hardware manufacturer Func back in 2015,
and sells its gear in 400 Best Buy stores in the U.S. It’s also got a
presence in South Korea and Japan, Mathews said.
watch now
“To this day we’re the only esports organization to own its own
peripheral hardware business,†he said. “It’s a massively growing part
of our revenue stream and something we really believe in.â€
Esports players are also making moves in the music industry. Fnatic’s
Calandrelli said he is in talks with “one of the biggest†group of
rappers in his country on collaborating with them, and has previously
done tie-ups with record labels like Virgin EMI and Atlantic Records.
Calandrelli declined to disclose details of his earnings when asked by CNBC.
According to the British Esports Association,
some of the top esports players in the world include Saahil “UNiVeRsEâ€
Arora, with estimated income of over $2.6 million, Lee “Fakerâ€
Sang-hyeok, with $890,000 in earnings, and Robin “flusha†Ronnquist, who
earns an estimate of $388,000.
Posted by AGORACOM-JC
at 10:54 AM on Monday, August 12th, 2019
SPONSOR: Bougainville
Ventures Inc (CSE: BOG) provides strategic capital to the thriving
cannabis cultivation sector through ownership and development of
commercial real estate properties. The company also offers fully built
out turnkey facilities equipped with state-of-the-art growing
infrastructure to cannabis growers and processors. Click here for more info.
—————–
Using CBD Has Never Been More Popular For Americans
Reasons why Americans are turning to CBD vary across the board, but pain relief ranks highest at 40%.
Whatever notions that CBD was just another wellness fad are officially dead. Need proof? Look no further than a Gallup poll released earlier this week.
While federal regulations around CBD remain unsettled for now, the legalization of hemp in 2018
allowed access to CBD to explode throughout the country. The poll found
that younger Americans and those living Western states are more likely
to admit using CBD. However, it’s worth noting 50% of Americans still
don’t consume CBD, with another 35% confessing they have no familiarity
with CBD products at all.
Amongst those aged 30 or younger, CBD usage jumps to 20% and lack of
knowledge around CBD products drops to 26%. Those numbers reverse for
older demographics. Both these trends mirror what previous Gallup polls
found in marijuana usage, as younger people reporting more consumption
while older folks less.
The reasons why Americans are turning to CBD vary across the board,
with pain relief ranking highest at 40%. Other major reasons for
American CBD usage include anxiety (20%), insomnia (11%), and arthritis
(8%). That said, women were more likely than men to use CBD to relieve
anxiety symptoms (25% vs. 14%), while men turned to CBD as a sleep aid
more than women (15% vs. 8%).
And though the majority of Americans report using CBD for medical and
therapeutic relief, 5% of respondents admit to recreational usage of
CBD.
Though CBD proliferating through the United States
might give cannabis enthusiasts cheer, it’s equally important for
consumers to recognize whether they’re purchasing the real deal or
expensive snake oil. Remember, misinformation around CBD can be
life-threatening, especially when using for medicinal purposes. It’s
important to buy high-quality CBD
products and be able to spot fake CBD in the wild. While CBD oil might
be the most popular delivery vehicle, be sure to check out other forms
if curious.
Posted by AGORACOM-JC
at 9:34 AM on Monday, August 12th, 2019
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
Gold Is Hot But Nickel Is Hotter As Demand Grows For Batteries In Electric Vehicles
Gold is hot but there’s another metal which is hotter, nickel.
Up 30% over the past two months nickel has delivered more than double the performance of gold which is up 13% over the same time, and the gap could get a lot wider as the supply of nickel stagnates and demand accelerates.
The driving force behind the recent awakening of gold is well-understood and can be summed up as a flight to safety as the China v U.S. trade war slows global growth and values of conventional, or fiat currencies, are debased by governments resorting to quantitative easing or other forms of creating money.
Bags filled with nickel briquette and nickel powder sit in a
warehouse at the BHP Group Ltd. Kwinana Nickel Refinery in Kwinana,
Western Australia, Australia, on Friday, Aug. 2, 2019. The world’s
biggest miners, including BHP Group and Glencore Plc, are finally firm
believers in the electric vehicle battery revolution — what they don’t
agree on is which metals will deliver the best long-term exposure to the
developing global market. Photographer: Philip Gostelow/Bloomberg
Nickel’s drivers are different and far easier to understand and boil
down to a simple case of supply exceeding demand which, in past nickel
booms, was essentially a case of mines failing to keep up with the
requirements of steel mills making stainless steel, a material which has
traditional consumed close to 80% of the world’s nickel.
Demand Growing For Nickel In Batteries
Stainless steel remains the primary market for nickel but there’s a
faster-growing market which until a few years ago was insignificant;
lithium-ion batteries.A standard source of power in small appliances
such as cell-phones with their nickel-cadmium (NiCd) batteries, or
nickel-metal hydride (NiMh) rechargeable batteries the big game today is
in the battery packs which power electric cars such as the Tesla, Prius
and Leaf.
From being a metal easily described as a one-trick pony thanks to its
dominant end-use in stainless steel, nickel has suddenly become a
two-trick pony, and if electric cars take off as predicted then a
shortage in future years is possible.
What caused nickel to run from around $5.40 a pound two months ago to
$7.09/lb at the end of last week (and a high on Friday of $7.22/lb) was
a combination of strong demand from Chinese stainless steel mills and
speculation that a major source of the metal could be cut off sooner
than expected.
The source under threat is unprocessed nickel ore from Indonesia
which is shipped to China for use in steel mills as a material called
Nickel Pig Iron (NPI). Indonesia, and other countries which produce NPI
dislike the material because it does not require any value-adding in the
home market.
Previous bans on NPI have crimped the industry only for it to return.
But the next ban is expected to be permanent and while Indonesia has
said it will not be applied until the year 2022 it could happen sooner,
just as battery makers seek supplies of nickel to meet electric-car
demand.
ANZ, an Australian bank, warned two weeks ago that falling stockpiles
of nickel metal were a warning of a squeeze developing. Stockpiles in
warehouses managed by the London Metal Exchange (LME) have been falling
for the past four years, with an accelerating decline over the past two,
a time when reserve inventories dropped by 43% from around 250,000 tons
to 142,000t.
“Nickel inventories have declined steadily since early 2018, as the persistent market deficit takes a toll,” ANZ said.
“Some analysts suggest stockpiling by electric vehicle manufacturers
is behind the depletion. Whether this is the case or not, we see the
tight market meaning further inventory drawdowns are likely.
Talk Of Panic Buying
“Current LME stockpiles would meet less than two months of supply — so panic buying is a likely outcome.”
It is highly unusual for a bank like ANZ to use an expression as
emotive as panic buying but it was used largely because of concern that
speculators had become active in the nickel market ahead of Indonesia’s
reintroduction of a ban on NPI.
Pure-play Australian nickel mining companies are enjoying sharp share
price rises as the nickel price moves up. Western Areas has risen by
25% over the past month and Mincor, which has just re-signed a supply
agreement with BHP, a major producer of the nickel sulphate which
battery makers prefer, is up 28%.
If there is a squeeze developing on nickel supplies as a major new
market develops for the metal the price could go much higher than its
current $7.09/lb.
Back in 2011 when a supply shortage developed the nickel price hit
$22/lb, before falling rapidly as steel mills found substitutes for
nickel in their stainless steel, including manganese.
No-one is talking about a nickel boom as powerful as that in 2011 but
nickel has a long track record of extreme moves, up and down.
Tags: CSE, nickel, nickel demand, stocks, tsx, tsx-v Posted in All Recent Posts, Tartisan Nickel | Comments Off on Tartisan #Nickel $TN.ca – Gold Is Hot But Nickel Is Hotter As Demand Grows For Batteries In Electric Vehicles #EV $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca
Posted by AGORACOM-JC
at 8:18 AM on Monday, August 12th, 2019
Announced it has received approval from SQUARE, Inc. to accept card payments
Patients and customers can now purchase hemp-derived CBD products and diverse wellness products from Empower Clinics & Sun Valley Health online and in-store using the SQUARE payment processing system
VANCOUVER, Aug. 12, 2019 – EMPOWER CLINICS INC. (CSE: CBDT) (Frankfurt 8EC) (OTC: EPWCF) (“Empower” or the “Company“), a vertically integrated and growth-oriented CBD life sciences company, and a multi-state operator of medical health & wellness clinics in the U.S., is pleased to announce it has received approval from SQUARE, Inc. to accept card payments from customers that want to purchase CBD products and other wellness products from the Company in clinics, stores and online.
Patients and customers can now purchase hemp-derived CBD products and
diverse wellness products from Empower Clinics & Sun Valley Health
online and in-store using the SQUARE payment processing system, ensuring
ease-of-use and a positive checkout experience.
“Providing our patients and customers with card payment options for
CBD product purchases is imperative and the fact that SQUARE has
approved us, affirms our professionalism and operating standards.” said Steven McAuley,
Empowers Chairman & CEO. “The addition of SQUARE merchant services
provides our customers the ability to purchase products in a simple and
user-friendly manner, something that we all take for granted each day.”
Square tells its users online that, “We believe everyone should be
able to participate and thrive in the economy.” They also say “That no
one should be left out of the economy because the cost is too great, or
the technology too complex.”
Merchant services enable businesses to accept credit and debit card
payments from customers. Empower Clinics and its subsidiaries, have
stable and strong partnerships with commercial banking providers in the
Pacific Northwest and in Arizona.
About SQUARE
Square, Inc. is a financial services and merchant services aggregator, and mobile payment company based in San Francisco, California. The company markets several software and hardware payments products and has expanded into small business services.
ABOUT EMPOWER
Empower is a vertically integrated and growth-oriented CBD life
sciences company, and a multi-state operator of medical health &
wellness clinics, operating the Sun Valley Health clinic brand www.sunvalleyhealth.com, for its nine corporate locations and for franchises in the United States.
As a CBD product manufacturer under the Sollievo brand, the company
distributes its lines through clinics, online and through retail
partners. Extraction operations are currently being developed in the
Company’s new extraction facility in Oregon.
ON BEHALF OF THE BOARD OF DIRECTORS:
Steven McAuley Chief Executive Officer
DISCLAIMER FOR FORWARD-LOOKING STATEMENTS
This news release contains certain “forward-looking statements”
or “forward-looking information” (collectively “forward looking
statements”) within the meaning of applicable Canadian securities laws. All
statements, other than statements of historical fact, are
forward-looking statements and are based on expectations, estimates and
projections as at the date of this news release. Forward-looking statements
can frequently be identified by words such as “plans”, “continues”,
“expects”, “projects”, “intends”, “believes”, “anticipates”,
“estimates”, “may”, “will”, “potential”, “proposed” and other similar
words, or information that certain events or conditions “may” or “will”
occur. Forward-looking statements in this news release include
statements regarding; the Company’s intention to open a hemp-based CBD
extraction facility, the expected benefits to the Company and its
shareholders as a result of the proposed acquisitions and partnerships;
the terms of the proposed acquisitions and partnerships; the
effectiveness of the extraction technology; the expected benefits for
Empower’s patient base and customers; the benefits of CBD based
products; the effect of the approval of the Farm Bill; the growth of the
Company’s patient list and that the Company will be positioned to be a
market-leading service provider for complex patient requirements in 2019
and beyond. Such statements are only projections, are based on
assumptions known to management at this time, and are subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
forward-looking statements, including; that the Company may not open a
hemp-based CBD extraction facility; that the hemp-based CBD extraction
facility may not be fully operation by Q2 2019 if at all; that
legislative changes may have an adverse effect on the Company’s business
and product development; that the Company may not be able to obtain
adequate financing to pursue its business plan; general business,
economic, competitive, political and social uncertainties; failure to
obtain any necessary approvals in connection with the proposed
acquisitions and partnerships; and other factors beyond the Company’s
control. No assurance can be given that any of the events anticipated by
the forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. Readers are cautioned not to
place undue reliance on the forward-looking statements in this release,
which are qualified in their entirety by these cautionary statements.
The Company is under no obligation, and expressly disclaims any
intention or obligation, to update or revise any forward-looking
statements in this release, whether as a result of new information,
future events or otherwise, except as expressly required by applicable
laws.
Tags: Cannabis, CBD, CSE, Hemp, Marijuana, otc, stocks, tsx, tsx-v, weed Posted in Empower Clinics Inc., Featured | Comments Off on Empower Clinics $CBDT.ca Receives Approval from #SQUARE to Process #CBD Product Sales in Clinics, Stores, Online, and throughout the Company Network Nationwide in the U.S. $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $OGI.ca
Posted by AGORACOM-JC
at 4:17 PM on Friday, August 9th, 2019
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———————–
NetEase Plans $710M Esports Park in Shanghai
Chinese
game publisher NetEase announced its plans to invest over ¥5B RMB ($710M
USD) to build an “Esports Park†in the Shanghai Qingpu district.
Multiple
esports projects will be hosted in the park related to product design,
venue, teams development, talent construction, and user experiences.
NetEase
will build China’s first “class-A venue†in the park, at a minimum of
50K square meters, and 5,000 seats. This follows the Shanghai
government’s new classification and set of standards for esports venues.
Game publisher and the exclusive Chinese distributor of Blizzard Entertainment games, NetEase, announced that it plans to invest over ¥5B RMB ($710M) to build the “NetEase Esports Park†in the Shanghai Qingpu district.
The plan was announced at 2019 Global
Esports Conference in Shanghai, held by the Shanghai government. Ding
Yingfeng, president of NetEase, said that the plan would include
multiple esports-related projects, including those related to product
design, team development, talent construction, and user experiences.
Yingfeng also announced that the
company will build China’s first “class-A esports venue†in the park.
This is in accordance with a new classification and set of standards for
esports venues announced by the Shanghai government. As a class-A
esports venue, the facility is required to have a minimum size of 50K
square meters, and 5,000 seats.
As well as being a distributor of Blizzard titles, NetEase owns the Shanghai Dragons, an Overwatch team which represents Shanghai in the Overwatch League (OWL). In July, Activision Blizzard announced that every Overwatch League team would host at least two homestand events next year, in place of the original home-away plan.
It is very likely that NetEase’s esports park will be used for the
Shanghai Dragons’ homestand events, and will potentially become the
team’s permanent home venue in 2021.
Posted by AGORACOM-JC
at 2:30 PM on Friday, August 9th, 2019
(CSE: CBDT) (Frankfurt 8EC) (OTC: EPWCF)
Why Empower Clinics
A leading owner/operator of physician staffed health and pain management clinics.
Patient database of over 165,000 patientsÂ
Proprietary technology platforms including Electronic Health Records portal and e-Commerce for CBD product distribution
Launching CBD extraction facility
First extraction system capacity = 6,000 Kg per year.
CBD based products are poised to be a $20B global industry by 2022
Medical cannabis is poised to be a $100B global industry by 2025
Recent Acquisition of Sun Valley Certification Clinics Holdings LLC
Created one of the largest clinic groups in the medical cannabis sector in the United States
Twelve (combined) clinic locations
Combined patient count of 165,000 patients
Platform generating $5MM USD in revenue annually (2020)
Operating in Washington, Oregon, Arizona, Nevada and California
According to the Brightï¬eld Group report the CBD market in the U.S. has grown over 700% in 2019
The CBD industry is becoming much more
saturated than it was before the passing of the U.S. Farm Bill late last
year, with new products entering the market, threatening to take a
slice of the CBD pie that the early producers of CBD have enjoyed until
this time.
Nevertheless, the top 20 CBD companies still hold a majority of the even bigger pie that is CBD in the cannabis industry.
Technology
Developed proprietary software to manage patients through the medical cannabis process
A HIPAA compliant Electronic Health Record (EHR) system and patient management portal.
Tele-medicine platform to serve and treat patients remotely.
Launching an e-Commerce platform for it’s Sollievo and Sun Valley CBD product lines.
Products
Commenced selling its proprietary line of CBD-based products called SOLLIEVO
Empower’s patient base and customers are
expected to benefit from access to high margin derivative products,
including CBD lotion, tinctures, spectrum oils, capsules, lozenges,
patches, e-drinks, topical lotions, gel caps, hemp extract drops and pet
elixir hemp extract drops.
Patients and customers will be able to access Empower’s home delivery and e-commerce platform.
CBD Extraction
Opening first CBD Extraction facility in Portland, OR.
5,000 sq. ft. leased building with first extraction system capable
of producing 20kg per day of 99% spectrum oil, isolate or distillate
Current wholesale pricing is $6,500 USD per kg with annual capacity of 6,000kg an estimated $39MM USD revenue.
Facility can scale to four extraction systems for up to 24,000kg of product and over $150MM USD revenue
Franchising
Completed it’s 2019 Franchise Disclosure Document (FDD) and has commenced selling Sun Valley Health franchises in the United States.
Company is now selling Sun Valley Health franchises and is accepting franchise applications effectively immediately.
Invested in the development of a new
franchise trade show booth that showcases the Sun Valley Health
opportunity to perspective franchisees using dynamic, content rich
displays and four large format television monitors to present features
and benefits.
